Trading Live Bot #4

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Advance Multiple bots of buy/sell in one BOT with the screener, backtesting

What is Trading BOT?

A Zerodha trading robot is a computer program based on a set of Indian trading signals that helps determine whether to buy or sell a currency pair at a given point in time. Zerodha robots are designed to remove the psychological element of trading, which can be detrimental. While trading systems can be purchased online, traders should exercise caution when buying them this way.

Trading bots are widely available programs that connect to a user’s Indian exchange and make trades on their behalf. They work using a variety of indicators and signals, such as moving averages and indices. The idea is simple: to help users make money in the markets, while not wasting a lot of their time. The underlying assumption is that computers are much better at trading than humans could ever be because trading is all about mathematics and complex calculations of probability.

About this Trading BOT

  • The screener is implemented:- A stock screener is a tool to shortlist few companies from a pool of all the listed companies on a stock exchange using filters on the basis of indicator result (RSI, GUPPY,SMA,).shows the result of buy and sell stocks, which one is better option for buy or sell . The investors specify the filters and the stock screener gives the results accordingly. Stock screeners are very useful as it can save you a lot of time. You do not need to go through all the listed companies to shortlist a few good ones. You can just apply the basic filter to get the list of a few good ones that you want to investigate further. Overall, the stock screener will help you to find good performing stocks according to your specifications with a single click.
  • Backtesting is implemented in it on last 6 working days of zerodha:- Zerodha backtesting is a trading strategy that is based on historical data, where traders use past data to see how a strategy would have performed. The definition of a backtesting application is a set of technical rules applied to a set of historical price data, and the subsequent analysis of the returns that a Zerodha strategy would have generated over a specific period of time. Backtesting is a type of program that allows traders to test potential trading strategies using historical data. The program recreates the behaviour of trades and their reaction to a Zerodha trading strategy, and the resulting data can then be used to measure and optimise the effectiveness of a given strategy before applying it to real market conditions. Backtesting strategies work on the assumption that trades that have performed successfully in the past will perform well in the future.
  • Shows all the orders and profit and loss at 3 pm.
  • Multiple trades at the same time.

BOT Strategy:-

This is an advance bot, this code start buys trade on when the indicator gives a green signal and sell on a red signal, and sell a stock on a red signal of indicator and buy when it gives a green signal. this bot trade on multiple stocks at the same time, all other bots work only on one stock at a time, but this bot will work on multiple stocks at a time. it will first scan all the stocks of nifty 50 and when it gets any of buy/sell stock it will place an order and manage that stock it can trade on multiple stocks at the same time and continue monitoring all stocks.

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